Mid-day Update… Another objective met.

And positive territory probed.

Holding a test of this morning’s 2083.75 bias-down signal through 10:15 put into play an offsetting test of the 2092.75 bias-up signal. This objective has been met.

Yesterday afternoon’s rally had gained traction for its effort, making this morning likely to trend up. That objective has been fulfilled.

An offsetting test of this morning’s 2099.00 bias-up target isn’t required. Although the 2076.00 bias-down target was tested thoroughly overnight, it was tested only overnight.

But the bias environment is now lapsing, so its upper-end need not be defined by the bias-up signal. And there’s no bearish reason to have retraced back to yesterday’s highs. None of which prevents a reaction down, but any reaction down should be only temporary.